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Moody's Raises Axtel

Feb 8, 2013

Moody's has upgraded Axtel's rating to Caa1 from Caa2, it says, following a $226m reduction in debt due to last month's debt exchange. The move also considers $88m in additional debt reduction from proceeds from the sale...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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